House GOP Whip Emmer: Oil prices will drop after 'short-term experience' in Iran
Oil prices spiked amid on the ongoing U.S.-Israel war with Iran, stoking affordability fears ahead of the November midterm elections.

House Majority Whip Tom Emmer (R-MN) urged calm on Monday after the price of crude oil surged due to fallout from the Iran war. On Monday, crude oil prices climbed to $119.50 a barrel before falling back. They leveled off to hover around $100 per barrel by late Monday morning. Oil prices had not surged…
Oil prices spiked amid on the ongoing U.S.-Israel war with Iran, stoking affordability fears ahead of the November midterm elections.
President Trump says surging oil prices are a short-term problem and a worthwhile sacrifice as the war in Iran causes supply concerns in energy markets.
NBC News correspondents Monia Alba, Allie Canal and Courtney Kube discuss the Trump administration’s plan to address volatile oil prices and the ongoing war with Iran. Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council, explains what to expect from Iran’s new supreme leader.
Markets settled after Trump claimed US-Israel war with Iran is ‘very complete’, bringing oil prices down to $85 a barrelHow high could oil prices go – and what might the global economic fallout be?US stock markets closed on a high after oil prices swung wildly on Monday, reaching a four-year high in the morning that rattled Asian and European markets…
The president said the U.S. could accompany tankers through the Strait of Hormuz if necessary to keep oil flowing. “We’ve already won in many ways, but we haven’t won enough,” he said.
US President Donald Trump confronted mounting pressures on the 10th day of the Iran war as oil prices surged past $100 and the Islamic Republic announced the hardline son of the assassinated Ayatollah Ali Khamenei as its new supreme leader.
Viral video captured the moment flames tore through a Tehran street after Israeli strikes on major oil reserves in Iran’s capital. The IDF claimed it “struck several fuel storage depots” being used “to operate military infrastructure.” This comes as the price of oil continued to surge, leaving US consumers anxious about what was ahead.
On Monday, the U.S.–Israel war with Iran pushed oil prices to their highest level since July 2022. Since the war...